U.S. Lawmaker at Heart of Crypto Negotiation Predicts Digital Belongings Regulation by Subsequent Yr

McHenry, who has been wrangling the crypto laws within the Home, argued that the end result is assured by the huge stage of bipartisan backing final week for his Monetary Innovation and Know-how for the 21st Century Act (FIT21) – with greater than a 3rd of Home Democrats displaying as much as vote sure, regardless of pushback from the White Home. He mentioned the momentum will carry into the subsequent congressional session in 2025, if it has to, and can elevate the market-structure invoice and the long-awaited laws to control stablecoin issuers.